Sep, 30, 2025 — DOWNRIVER COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTHGATE, MI with 4 branch locations and about $186.95 million in total assets. Opened 84 years ago in 1942, DOWNRIVER COMMUNITY FEDERAL CREDIT UNION has about 12,459 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DOWNRIVER COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15261 Trenton Rd SOUTHGATE, MI 48195 |
| Phone: | (313) 386-2200 |
| Fax: | |
| Website: | https://www.downrivercu.com |
| Branches: | 4 branch locations |
| Members: | 12,459 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4853 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $186,954,089 |
| CEO/Manager: | Robert P LaPalme |
| Chairperson: | Ceasar Randazzo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,978,728 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,203,074 |
| Unsecured Loans | 9,542,709 |
| Other Loans | 39,144,205 |
| TOTAL LOANS | 70,974,024 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -857,863 |
| Land And Building | 6,122,488 |
| Other Fixed Assets | 368,173 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,714,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 186,954,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 73,651 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,920,477 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,613,423 |
| Regular shares | 71,471,706 |
| All Other Shares & Deposits | 73,583,173 |
| TOTAL SHARES & DEPOSITS | 175,668,302 |
| TOTAL LIABILITIES | 177,662,430 |
| Regular Reserve | 0 |
| Other Reserves | -7,961,057 |
| Undivided Earnings | 17,252,716 |
| TOTAL EQUITY | 9,291,659 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 186,954,089 |
| INCOME & EXPENSE | |
| Loan Income | 3,513,331 |
| Investment Income | 2,114,191 |
| Other Income | 1,138,888 |
| Total Employee Compensation & Benefits | 2,898,117 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,824,492 |
| Non-operating Income & (Expense) | -30,046 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 563,406 |
| Cost of Funds | 639,901 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 809,336 |
| ↑ Back to Top | |